If the Fed cuts rates to 3% by this time next year, and inflation rises to 5%, investors would sooner hold gold and silver than get a -2% real rate return on cash or bonds.
Even if inflation ends today, the Fed will wait several months before cutting rates. Meanwhile, new home starts and permit applications have significantly declined.
Gold and silver faced pressure this week, staying in a narrow, directionless trading range. This might seem frustrating for investors, but Jan Skoyles reminds us that's why we like it.
Zang emphasizes silver's dual role in barter and investment. She forecasts that depressed gold prices will spur a black market, and discusses notable gold trends and central bank purchases.
